Family-owned Badia Spices has agreed to sell a majority stake to a group of investors including a Latin American conglomerate’s investment arm and the merchant bank BDT & MSD Partners, with three sources...
Qatar Airways to buy 25% Virgin Australia stake, raising heat on Qantas
Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access...
Drug giant Pfizer sells $3.3 bln stake in Sensodyne-maker Haleon
Pfizer sold a stake in British consumer healthcare group Haleon worth about $3.26 billion on Monday, cutting its shareholding in the maker of Sensodyne toothpaste and Panadol and Advil painkillers to 15% from 22.6%...
Eros Resources to merge with Canadian mining rivals
Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop copper and gold projects in the province of Saskatchewan, the companies said on Tuesday. The Canadian...
Russian steel magnate to buy food producer for around $745 mln, RBC cites sources
A company owned by Russian billionaire Vladimir Lisin is set to acquire Progress, one of the country’s largest baby food producers, for about 70 billion roubles ($745 million), the RBC daily reported, citing...
PepsiCo to buy tortilla-chip maker Siete Foods for $1.2 billion
PepsiCo will buy Siete Foods parent Garza Food Ventures for $1.2 billion, the Frito-Lay owner said on Tuesday, beefing up its snacking portfolio amid a shift to private-label brands among cost-conscious consumers. The...
Italy’s Brembo starts sale of Pirelli stake, dampening merger speculation
Brembo said on Tuesday it was starting a process to sell its entire stake in tyre maker Pirelli, worth around 300 million euros ($332 million), a move dampening speculation about a merger between the two Italian groups...
Qatar Airways buys into Virgin Australia, raising the stakes against Qantas
Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access...
CVS explores options including potential break-up, sources say
CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn around its fortunes amid pressure from...
Pfizer to sell about $3.25 bln stake in Sensodyne-maker Haleon, bookrunner says
Pfizer’s stake sale in British consumer healthcare company Haleon has been upsized by 100 million shares to 640 million shares worth about $3.25 billion with strong demand from investors, a bookrunner familiar...
PepsiCo in talks to buy Siete Foods for over $1 bln, WSJ reports
PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. Texas-based Siete Foods is owned by...
ADNOC nears $13 billion deal to buy Germany’s Covestro, WSJ reports
Abu Dhabi National Oil Company (ADNOC) is likely to announce a $13 billion-plus deal for Germany’s Covestro as soon as this week unless an unexpected snag emerges, the Wall Street Journal reported on Monday...
